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Tennant Minerals ( (AU:TMS) ) has issued an update.
Tennant Minerals has identified two significant exploration targets, the Babbler Gold Prospect and the Wedge Copper-Gold Prospect, at its Barkly Project in the Northern Territory. These targets, identified through historical data and new geochemical and gravity surveys, show promise for large-scale gold and copper systems. The company plans to conduct wide-spaced reverse circulation drilling to further explore these prospects, which could enhance its position in the copper-gold mining sector. The potential development of these sites, alongside the existing Bluebird project, could lead to the establishment of a shared copper-gold processing facility in collaboration with other companies in the region, potentially benefiting stakeholders through increased resource extraction and processing capabilities.
More about Tennant Minerals
Tennant Minerals Limited operates in the mining industry, focusing on the exploration and development of copper and gold projects. The company is engaged in identifying and expanding mineral resources, particularly in the Tennant Creek region of the Northern Territory, Australia.
Average Trading Volume: 1,243,412
Technical Sentiment Signal: Sell
Current Market Cap: A$4.56M
For a thorough assessment of TMS stock, go to TipRanks’ Stock Analysis page.